Glossary

Fixed asset

An asset which is used by a company on a long term or continuing basis as opposed to assets which are used up in a short period of time or sold on to customers. These tend to be tangible property used in the operations of a business such as plant, machinery and equipment that normally won't be sold for cash. Fixed assets are found on a company's balance sheet at their net depreciated value.
© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures